China Company

Located at the southwestern part of Shenzhen Municipality, in China, the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" has been developed since 2010 as a major demonstration zone for strengthening cooperation between Hong Kong and Shenzhen. Even since its establishment, Qianhai Cooperation Zone has introduced various preferential policy measures for businessmen. Qianhai is positioned to "leveraging Hong Kong, serving China, and influencing the world" and becomes a gateway for entrepreneurs who want to tape China's Greater Bay Area, a city with a population of more than 86 million. ADVANTAGES Tax incentives- Eligible companies that fit into the preferential...

In the first half of 2023, the 9 GBA Chinese cities in Guangdong accelerated the implementation of various major manufacturing projects to promote industrial transformation and upgrading despite a complex and changing international economic situation. Shenzhen takes first place in Guangdong in terms of economic output, with its GDP surpassing 1.6 trillion RMB (US$0.22 trillion), followed by Guangzhou with a GDP of more than 1.4 trillion RMB (US$0.19 trillion). With a growth rate of 6.3% year-on-year, Shenzhen is also among the top 3 fastest-growing cities in the Guangdong province. The other 2 cities - Zhongshan and Foshan - witnessed a growth rate of 5.5 % and 5.2 %,...

The Guangdong Provincial Development and Reform Whatsapp : (852) 6499 4686 Phone : (852) 2186 6936 Email : info@intershores.hk Disclaimer: Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice. Categories: HK Company Set Up HK...

The Guangdong Provincial Development and Reform Commission & 5 other departments of Guangdong province in China, jointly issued 17 specific measures start August 2023 for promoting foreign investment with a focus on manufacturing ("Measures"), to further attract foreign investment, stabilize the scale of foreign investment, and enhance the quality of utilizing foreign capital. In order to attract more foreign investment, the "Measures" suggest supporting foreign investment in new areas, thoroughly implementing a new version of the negative list for foreign investment, and accelerating the opening up in the manufacturing sector. The Measures also aim to implement the current economic...

Eligible Hong Kong-funded small and micro-sized enterprises in Qianhai, China can now access loans from overseas banks, with a cap of 5 million yuan (US$690,769), according to a policy release issued in August 2023 by the Shenzhen branch of the State Administration of Foreign Exchange in China. To be eligible, Hong Kong-funded enterprises must have been registered in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai) for at least 6 months and maintain a clean record devoid of foreign exchange administrative penalties over the past two years. One day after the policy’s release, three Hong Kong-based companies operating in Qianhai promptly secured a...

National Development and Reform Commission (NDRC) in China has issued a notice in July 2023 aiming to encourage private investment and with greater participation. The Notice outlines a strategic approach on 4 key areas: - Setting clear goal to boost private investment - Stay focus on key sectors and major projects - Refining guarantee mechanism to promote private investment projects - Fostering an attractive investment environment The Notice also advocates for expanding the infrastructure REITs market, paving a diversification of financing channels. In line with the Notice, NDRC will introduce new policies. publish a comprehensive roster of projects to entice private...

To boost the internationalization of the Chinese yuan, the People's Bank of China announced its plan of pilot programmes in 3 major financial centres, namely Beijing, Guangdong and Shenzhen to facilitate centralized operation of cross-border funds operations in local and foreign currencies for multinational companies giving them greater flexibility to manage their capital flow and improving foreign investment experience in China. Under the pilot program, multinationals will be granted greater freedom to decide on the proportion of overseas lending and foreign debt. For the cross-border use of yuan funds, filling and review process will be simplified with expected shortened processing...

China is one of the fastest-growing economies in the world with an annual gross domestic product (GDP) growth by 8.1% in 2020. In 2021, China accounts for 19% of the global economy. Foreign investors are attracted by China’s strong economic growth and are seeking to expand their business to China. With that, China is known as a land of rising business opportunities. It develops a business-friendly environment by helping investors to set up a business in China. Since December 2004, China has become a member of the World Trade Organization, and thus, starting a business in China is more simpler than before. 1. Types of companies in China If you are a foreign investor who wishes...

If you are looking to expand your business into China, there are many considerations to be taken account into before proceeding with the China business registration. In this article, our team at Tetra Consultants has highlighted 9 pros and cons to know before you set up company in China which will help you in deciding whether to register company in China. Pros: 1. Technological Advancement in China China is well known as a leading technology innovator all around the world. As seen from emerging famous handphone brands such as Huawei, Oppo and Xiaomi, China is shifting towards being a technology producer. The advancement in China is a driving force for economic growth, and this...